Yum! acquires Dragontail Systems

Kentucky-headquartered Yum! Brands, Inc. is acquiring listed company Dragontail Systems, following a cross-border deal.

Jerome Doraisamy • 02 June 2021 • Big Law

Firm: Baker McKenzie (Yum! Brands Inc.).

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Deal: Yum! Brands is set to acquire ASX-listed company Dragontail Systems Limited by way of a share scheme of arrangement.

Value: $93.5 million.

Area: Corporate.

Key players: The Bakers team was led by partner Kate Jefferson, who was supported by Greg Smith, Eve Gallagher, Rohit Duggal, Victoria Bell and Caitlin Whale.

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Deal significance: The deal spanned Australia, the US and Israel. Completion of the transaction, which is subject to a number of conditions, including court approval, Dragontail shareholder approval and receipt of various regulatory approvals and waivers, is expected to occur on or around late September 2021, Bakers said in a statement.

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: jerome.doraisamy@momentummedia.com.au

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